Purchase of Own Securities

Scottish American Investment Co PLC
02 April 2003

Scottish American Investment Company plc


Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 2 April 2003 it
purchased for cancellation 110,000 ordinary shares in the market at a price of
118p per ordinary share. There remain 135,972,943 ordinary shares in issue.

END.


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